WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 6/5/2019 - US announced new tariffs on China, send oil lower
InvestorsDoctor
Publish date: Mon, 06 May 2019, 10:52 AM
InvestorsDoctor
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6/5/2019
*WTI Crude Oil Jun 19*
Previous Close: 61.94 +0.13
Crude oil closed slightly higher on last Friday but tumbled more than 2% today after Trump announce new tariffs on Chinese goods.
4H chart formed a breakdown from head & shoulder bearish pattern, close below 60 to trigger more downside.
*Classic Support & Resistance*
Resistance: 61.45 62.52
Support: 59.42 57.74
*Recommend Trading Plan for the day:*
1. Look for rebound buy signal above 61
2. Look for sell signal below 60
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3465
Mini Crude : USD 1732.5
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